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Hambantota Refinery
The Hambantota Refinery (also called Greenfield Oil Refinery) is an oil refinery to be developed in Mirijjawila, Hambantota, in the Southern Province of Sri Lanka. The refinery will be built and owned by Singapore's (70%) and Oman's Ministry of Oil and Gas (30%). Silver Park International is an investment vehicle owned by India's Accord Group. It will have a refining capacity of per stream day, ten times the capacity of the Sapugaskanda Refinery, the country's only other refinery which was built in 1969 by Iran. At a cost of , the refinery development is the single largest foreign direct investment in Sri Lanka's history. Construction of the first phase will commence on 24 March 2019 at a groundbreaking ceremony in the Mirijjawila Export Processing Zone, with Prime Minister Ranil Wickremesinghe attending as chief guest, with the project slated for completion in 44 months. Almost the entire output from the refinery will be exported, generating an estimated annual r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sri Lanka
Sri Lanka (, ; si, ශ්රී ලංකා, Śrī Laṅkā, translit-std=ISO (); ta, இலங்கை, Ilaṅkai, translit-std=ISO ()), formerly known as Ceylon and officially the Democratic Socialist Republic of Sri Lanka, is an island country in South Asia. It lies in the Indian Ocean, southwest of the Bay of Bengal, and southeast of the Arabian Sea; it is separated from the Indian subcontinent by the Gulf of Mannar and the Palk Strait. Sri Lanka shares a maritime border with India and Maldives. Sri Jayawardenepura Kotte is its legislative capital, and Colombo is its largest city and financial centre. Sri Lanka has a population of around 22 million (2020) and is a multinational state, home to diverse cultures, languages, and ethnicities. The Sinhalese are the majority of the nation's population. The Tamils, who are a large minority group, have also played an influential role in the island's history. Other long established groups include the Moors, the Burghers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sri Lankan Rupee
The Sri Lankan Rupee ( si, රුපියල්, ta, ரூபாய்; Currency symbol, symbol: Re and Rs (plural) in English, රු in Sinhala, ௹ in Tamil; ISO 4217, ISO code: LKR) is the currency of Sri Lanka. It is subdivided into 100 cent (currency), cents, but cents are rarely seen in circulation due to its low value. It is issued by the Central Bank of Sri Lanka. The abbreviation ''Re'' (singular) and ''Rs'' (plural) is generally used, the World Bank suggests SL Rs as a fully disambiguating abbreviation for distinction from other currencies named "rupee". History pound sterling, Sterling became Ceylon's official currency in 1825, replacing the Ceylonese rixdollar at a rate of £1Pound sterling, stg = rixdollars, and British silver coin was made legal tender. Treasury notes denominated in sterling were issued in 1827, replacing the earlier rixdollar notes. Rixdollar notes not presented for exchange were demonetized in June 1831. The Indian rupee was made ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian Oil Corporation
Indian Oil Corporation Limited (IOCL; d/b/a IndianOil) is a central public sector undertaking under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. It is headquartered in New Delhi. It is a public sector undertaking whose operations are overseen by the Ministry of Petroleum and Natural Gas. Indian Oil is ranked 142nd on the Fortune Global 500 list of the world's biggest corporations as of 2022. It is the largest government owned oil producer in the country, with a net profit of $6.1 billion for the financial year 2020-21. As of 31 March 2021, Indian Oil's employee strength is 31,648, out of which 17,762 are executives and 13,876 non-executives, while 2,776 are women, comprising 8.77% of the total workforce. Indian Oil's business interests overlap the entire hydrocarbon value chain, including refining, pipeline transportation, marketing of petroleum products, exploration and production of crude oil, natural gas and petrochemicals. Indian Oi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ada Derana
Ada may refer to: Places Africa * Ada Foah, a town in Ghana * Ada (Ghana parliament constituency) * Ada, Osun, a town in Nigeria Asia * Ada, Urmia, a village in West Azerbaijan Province, Iran * Ada, Karaman, a village in Karaman Province, Turkey Europe * Ada, Bosnia and Herzegovina, a village * Ada, Croatia, a village * Ada, Serbia, a town and municipality * Ada Ciganlija or Ada, a river island artificially turned into a peninsula in Belgrade, Serbia United States * Ada, Alabama, an unincorporated community * Ada County, Idaho * Ada, Kansas, an unincorporated community * Ada Township, Michigan * Ada, Minnesota, a city * Ada Township, Dickey County, North Dakota * Ada, Ohio, a village * Ada, Oklahoma, a city * Ada, Oregon, an unincorporated community * Ada Township, Perkins County, South Dakota * Ada, West Virginia, an unincorporated community * Ada, Wisconsin, an unincorporated community Other * Ada River (other), various rivers * 523 Ada, an asteroid Film and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Beijing
} Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 million residents. It has an administrative area of , the third in the country after Guangzhou and Shanghai. It is located in Northern China, and is governed as a municipality under the direct administration of the State Council with 16 urban, suburban, and rural districts.Figures based on 2006 statistics published in 2007 National Statistical Yearbook of China and available online at archive. Retrieved 21 April 2009. Beijing is mostly surrounded by Hebei Province with the exception of neighboring Tianjin to the southeast; together, the three divisions form the Jingjinji megalopolis and the national capital region of China. Beijing is a global city and one of the world's leading centres for culture, diplomacy, politics, finance, busi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and borders fourteen countries by land, the most of any country in the world, tied with Russia. Covering an area of approximately , it is the world's third largest country by total land area. The country consists of 22 provinces, five autonomous regions, four municipalities, and two Special Administrative Regions (Hong Kong and Macau). The national capital is Beijing, and the most populous city and financial center is Shanghai. Modern Chinese trace their origins to a cradle of civilization in the fertile basin of the Yellow River in the North China Plain. The semi-legendary Xia dynasty in the 21st century BCE and the well-attested Shang and Zhou dynasties developed a bureaucratic political system to serve hereditary monarchies, or dyna ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hambantota Port
The Hambantota International Port (used to known as the Magampura Mahinda Rajapaksa Port or the Magam Ruhunupura Mahinda Rajapaksa Port) is a deep water port in Hambantota, Sri Lanka. It was opened on 18 November 2010, and is Sri Lanka's second largest port, after the Port of Colombo. In 2020, the port handled 1.8 million tonnes of LPG and dry bulk cargo. Construction of the port commenced in January 2008. In 2016, it reported an operating profit of US$1.81 million but was considered economically unviable. As debt repayment got difficult, the newly-elected government decided to privatise an 80% stake of the port to raise foreign exchange in order to repay maturing sovereign bonds unrelated to the port. Of the two bidding companies, China Merchants Port was chosen, which was to pay US$1.12 billion to Sri Lanka and spend additional amounts to develop the port into full operation. In July 2017, the agreement was signed, but CMPort was allowed a 70% stake. Simultaneously a 99-year ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crude Oil
Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude oil and petroleum products that consist of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, mostly zooplankton and algae, are buried underneath sedimentary rock and subjected to both prolonged heat and pressure. Petroleum is primarily recovered by oil drilling. Drilling is carried out after studies of structural geology, sedimentary basin analysis, and reservoir characterisation. Recent developments in technologies have also led to exploitation of other Unconventional (oil & gas) reservoir, unconventional reserves such as oil sands and oil shale. Once extracted, oil is refined and separated, most easily by Continuous distillation#Continuous distillation of crude oil, distillation, into innume ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Terminal
An oil terminal (also called a tank farm, tankfarm, oil installation or oil depot) is an industrial facility for the storage of oil, petroleum and petrochemical Petrochemicals (sometimes abbreviated as petchems) are the chemical products obtained from petroleum by refining. Some chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or renewable sou ... products, and from which these Petroleum product, products are transported to end users or other storage facilities. An oil terminal typically has a variety of above or below ground tankage; facilities for inter-tank transfer; pumping facilities; loading gantries for filling Tank truck, road tankers or barges; ship loading/unloading equipment at marine terminals; and pipeline transport, pipeline connections. History Originally, open pits and cubic reservoirs were used for industrial oil storage. The structure was pioneered by Russian engineer Vladimir Shukhov during ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lanka IOC
Lanka IOC PLC is a subsidiary of Indian Oil Corporation which operates retail petrol and diesel stations in Sri Lanka. LIOC is Sri Lanka's only private sector organisation retailing fuels with an island-wide distribution network of 211 retail outlasts. Its headquarters in the Colombo City, Colombo. History The company was incorporated in 2003 as LIOC. Indian parent company Indian Oil Company owned the majority of LIOC's stock, and N.K Nayyar served as its first chairman. Before 2002, petroleum fuel retailing in the country was at the rudimentary level, limited to mere sales of auto fuel only. After the 2002 Sri Lankan Government's decision to liberalise the petroleum sector where the CPC will compete with the private sector. Indian Oil Corporation, will invest Rs. 10 billion (US$62 million for the first phase, US$38 million would be invested in the second phase) in Sri Lanka and will operate 100 fuel stations which it has purchased from the Ceylon Petroleum Corporation In 2003, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ceylon Petroleum Corporation
Ceylon Petroleum Corporation, commonly known as CEYPETCO (CPC), is a Sri Lankan oil and gas company. Established in 1962 and wholly owned by the Government of Sri Lanka. It is largest oil company in the Sri Lanka. It was formed in 1961 by nationalisation and expropriation of all private oil companies in Sri Lanka at the time of its formation. It is under the ownership of Ministry of Petroleum Resources Development headquartered in Colombo. It is the largest government owned company in the country, with an operational profit of Rs. 33.9 billion for the financial year 2020. CPC provides a substantial source of income for the Sri Lanka government, with 30% of the government's budget dependent on the company's dividend. In December 2018, CPC became Sri Lanka's most loss government corporation of the second consecutive years, with a record loss of Rs. 326 billion at the end of 2018. History Even after independence in 1948, policy towards the country's petroleum and gas industry had ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ranil Wickremesinghe
Ranil Wickremesinghe ( si, රනිල් වික්රමසිංහ, ta, ரணில் விக்கிரமசிங்க; born 24 March 1949) is a Sri Lankan politician who is the current president of Sri Lanka since 21 July 2022. He also holds the position of Minister of Finance of Sri Lanka. He has been the leader of the United National Party since 1994. He served as Prime Minister of Sri Lanka in five separate stints, leading six governments, from 1993 to 1994, 2001 to 2004, 2015 to 2018, 2018 to 2019, and in 2022. He also served as Leader of the Opposition from 1994 to 2001 and from 2004 to 2015. Born to a wealthy political family, he graduated from University of Ceylon and qualified as an advocate from the Ceylon Law College in 1972. Entering active politics in the mid-1970s with the UNP, he was first elected to Parliament from the Biyagama electorate in the 1977 parliamentary elections and was appointed Deputy Minister of Foreign Affairs, by his uncle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
